Alexandria Advertiser And Commercial Intelligencer

Congress of the United States.

HOUSE OF REPRESENTATIVES.

THE COMMISSIONERS OF THE SINKING FUND.

Respectfully report to Congress as follows.

That the measures which have been authorized by the Board, subsequent to their report of the 11th of December, 1799, so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury, to this Board, dated the twenty-seventh of November, 1800; and in the proceedings of the officers of the Treasury, therein referred to, which are herewith transmitted and prayed to be received as part of this report.

JOHN E. HOWARD,
President of the Senate, pro. tempore.
November 24th, 1800.

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund,

That no purchases of the Debt of the United States have been made since the date of the last report to Congress of the 11th day of December, 1799; and that the sums of the Capital Stock heretofore purchased and transferred, prior to the present year, in trust for the United States, the interest whereon is appropriated by law towards the reduction of the public debt amount to four millions, seven hundred and fourteen thousand, two hundred and nineteen dollars and sixty cents, as will more particularly appear from documents hereto annexed, marked A.

That the following sums have been applied towards the discharge of the principal debt of the United States since the date of the last report to Congress of the 11th of December, 1799.

1st. To the 5th installment of the six per cent stock; bearing a present interest, which pursuant to the act, entitled "An act making further provision for the support of public credit and for the redemption of the public debt" passed on the 3d day of March, 1795, and the act in addition thereto passed on the 28th day of April 1796, became payable on the first day January, 1800, the sum of 716,894 36

2d. To the payment of the eighth installment of the subscription loan for Bank Stock, due on the last day of Dec. 1799, 200,000

3d. To the payment of the third installment of a loan of one million of Guilders ob. tained in Holland, and which fell due in the present year, pursuant to a contract dated first of June, 1787, estimated at forty cents per Guilder, 80,000

4th. To the payment of the second installment of a loan one million of Guilders ob- tained in Holland, and which fell due in the present year, pursuant to a contract dated the 13th of March, 1788, estimated at forty cents per Guilder, 80,000

5th. To the payment of the first installment of a loan of three millions of Guilders obtained in Holland, and which fell due in the present year pursuant to a contract dated first of January, 1790, estimated at forty cents per Guilder, 270,000

Amounting in the whole to Dolls. 1,316,894 36

The payments before enumerated have been made out of the following funds:

1st. The interest fund, or the sums which have accrued upon the stock purchased and transferred to the commissioners of the sinking fund, in trust for the United States, as particularly stated in the document hereto annexed, marked B. 522,323 II

2d. The fund arising from the payment of debts which originated prior to the present Constitution of the United States as particularly stated in the document marked C. 2,943 39

3d. The fund arising from dividends on the capital stock belonging to the U. States, in the bank of the United States, from the first of July, 1798, to 30th of June, 1799, after deducting the interest on the subscription loan for the same period, as particularly stated in the document hereto annexed, marked D. 29,040

4th. The proceeds of the duties on goods, wares and merchandize imported; on the tonnage of ships or vessels, and on spirits distilled within the United States, and this appropriated by the 5th section of the act of March 3d. 1795, intituled "An act making further provision for the support of public credit, and for the redemption of the public debt," being for the period and in the reference to the objects mentioned in this report, 762,587 85

Dolls. 1,316,894 36

Making in the whole an equal amount to the reimbursements before mentioned.

There remained in the hands of the Treasurer of the United States, as agent of the Board of Commissioners, on the twenty-fifth day of the present month, one hundred and sixty-nine thousand eight hundred and seventy seven dollars and four cents, which with the growing produce of other appropriated funds, will be sufficient for the reimbursement, at the close of the present year, of the sixth installment of the six per cent. stock, bearing a present interest, and the ninth installment of the subscription loan for stock of the bank of the United States:

which reimbursements are required to be made by the 13th section of the act of congress, passed on the 3d of March, 1795, herein before mentioned.

All which is most respectfully submitted by

OLIVER WOLCOTT.

Document A. is an enumeration of the different descriptions of stock redeemed, viz. 1,841,607 dols. 9 cents of 6 per cent.--614,835 dols. 47 cents of 3 per cent.--966,376 dols. 4 cents deferred-- 1,230,00 of 5 per cent.--1,400 dols. of 5 1/2 per cent.

It also contains a specification of the various sources of revenue, which make up the total sum redeemed. Document B. C. and D. are not given, as the contents of each are exhibited in the preceding report with sufficient detail to satisfy the mind of the reader.